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Housing Market: US: Difference between revisions
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[[File:Screenshot 2024-02-12 102556.png|alt=|center|thumb|643x643px|https://www.apartmentlist.com/research/national-rent-data]] | [[File:Screenshot 2024-02-12 102556.png|alt=|center|thumb|643x643px|https://www.apartmentlist.com/research/national-rent-data]] | ||
[[File:Screenshot 2024-02-12 102605.png|alt=|center|thumb|643x643px|https://www.apartmentlist.com/research/national-rent-data]] | [[File:Screenshot 2024-02-12 102605.png|alt=|center|thumb|643x643px|https://www.apartmentlist.com/research/national-rent-data]] | ||
=== February 2024 === | |||
The rental market turned a corner in February; after six consecutive months of rent declines, prices ticked up 0.2 percent this month and today the nationwide median rent stands at $1,377. The rental market turned a corner in February; after six consecutive months of rent declines, prices ticked up 0.2 percent this month and today the nationwide median rent stands at $1,377.<ref name=":0" /> | |||
* Rents are up 0.2% month-over-month, down 1.0% year-over-year | |||
* Zooming in a bit, 57 of the nation’s 100 largest cities saw rents go up in February. But on a year-over-year basis, rent growth is positive for only 43 of these cities. Many of the steepest year-over-year declines remain concentrated in Sun Belt cities that are rapidly expanding their multifamily inventory, such as Austin (-6.7 percent year-over-year), Atlanta (-5.3 percent), and Nashville (-5.1 percent). | |||
* On the supply side of the market, our national vacancy index continues trending up and stands today at 6.6 percent. | |||
=== January 2024 === | === January 2024 === | ||